We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Name | Symbol | Market | Type |
|---|---|---|---|
| AXA SA (QX) | USOTC:AXAHY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.05 | -0.13% | 37.02 | 37.02 | 37.10 | 37.28 | 37.00 | 37.18 | 52,712 | 20:36:50 |
From Nov 2019 to Nov 2024
By Yifan Wang
HSBC Holdings PLC plans to acquire AXA Singapore for $575 million, as the Asia-focused bank steps up efforts to expand its wealth-management business in the region.
The lender's insurance unit, HSBC Insurance (Asia-Pacific) Holdings Ltd., would take the entire stake in the Singapore company with existing resources, HSBC said Monday.
The proposed deal, subject to regulatory approval, is a key step in HSBC achieving its stated ambition of becoming a leading wealth manager in Asia by 2025.
HSBC's wealth-management focus comes as banks increasingly look to other income growth drivers as their loan operations remain under pressure amid low interest rates globally.
Once the acquisition is complete, HSBC said it plans to merge AXA Singapore's operations with its life-insurance business in the city-state, a major hub for wealth businesses in Southeast Asia.
Write to Yifan Wang at yifan.wang@wsj.com
(END) Dow Jones Newswires
August 16, 2021 01:00 ET (05:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year AXA (QX) Chart |
1 Month AXA (QX) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
